PUBLISHER: Lucintel | PRODUCT CODE: 1538261
PUBLISHER: Lucintel | PRODUCT CODE: 1538261
Acetone Trends and Forecast
The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets. The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Acetone by Segment
The study includes a forecast for the global acetone by grade, application, and region.
List of Acetone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acetone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acetone companies profiled in this report include-
Acetone Market Insights
Lucintel forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.
Within this market, solvent will remain the largest segment due to increased demand for acetone as a crucial component in making hand sanitizer and as an excipient in drugs.
APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.
Features of the Global Acetone Market
Market Size Estimates: Acetone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Acetone market size by grade, application, and region in terms of value ($B).
Regional Analysis: Acetone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different grade, application, and regions for the acetone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acetone market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for acetone market?
Answer: The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the acetone market?
Answer: The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.
Q3. What are the major segments for acetone market?
Answer: The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets.
Q4. Who are the key acetone market companies?
Answer: Some of the key acetone companies are as follows:
Q5. Which acetone market segment will be the largest in future?
Answer: Lucintel forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.
Q6. In acetone market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.